Update
$U Power(UCAR.US$ UOTTA Technology to Be Adopted by a Portuguese National Taxi Association to Drive Decarbonization and Electric Mobility
VIA PR NEWSWIREHANGHAI, June 5, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive electric EV battery power solution provider in China, today announced that its UOTTA technology and battery swapping station model is to be adopted in a strategic collaboration between UNEX EV B.V. ("UNEX") and Associação Nacional dos Transportes Rodoviários em Automóveis Ligeiros ("ANTRAL").
ANTRAL is an association of companies in Portugal representing public passenger road transport companies operating light vehicles designated as taxis. Through their collaboration, UNEX and ANTRAL aim to significantly reduce greenhouse gas emissions in the transport sector by 2030, in line with the European Union's decarbonization targets and Portugal's regulatory requirements for taxi vehicles.
Bringing together U Power's battery swapping station model, UOTTA technology, and ANTRAL's extensive network and market knowledge, the collaboration aims to establish and develop a partnership for the intermediary sales of electric vehicles, primarily targeting the taxi industry. The initiative is supported by incentives for decarbonization, whether through the sale and exchange of vehicles or the installation of charging and battery swapping stations.
VIA PR NEWSWIREHANGHAI, June 5, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive electric EV battery power solution provider in China, today announced that its UOTTA technology and battery swapping station model is to be adopted in a strategic collaboration between UNEX EV B.V. ("UNEX") and Associação Nacional dos Transportes Rodoviários em Automóveis Ligeiros ("ANTRAL").
ANTRAL is an association of companies in Portugal representing public passenger road transport companies operating light vehicles designated as taxis. Through their collaboration, UNEX and ANTRAL aim to significantly reduce greenhouse gas emissions in the transport sector by 2030, in line with the European Union's decarbonization targets and Portugal's regulatory requirements for taxi vehicles.
Bringing together U Power's battery swapping station model, UOTTA technology, and ANTRAL's extensive network and market knowledge, the collaboration aims to establish and develop a partnership for the intermediary sales of electric vehicles, primarily targeting the taxi industry. The initiative is supported by incentives for decarbonization, whether through the sale and exchange of vehicles or the installation of charging and battery swapping stations.
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